birdperson7
Short

Halvening meme: What if?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
14 May 2020 is halvening date, date after which miners rewards will be cut in half which essentially means half supply. Bitcoin has broken out of bearish market structure with recent rally from $3.2k to $14k. But it needs to retest the lows(/retest the broken bearish trendline ) it made in Dec'18. Is it going to be a higher low or lower low, it needs to be seen. I am inclining towards lower lows. Lower low also means that it will have two legs after given that low actually hold.

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